A Transfer Made to a Relative 6 Months Before Filing

question 30

True/False

A transfer made to a relative 6 months before filing a bankruptcy petition is most likely a preferential transfer.

---

Definitions:

Allocation of Resources

The process of distributing available resources among various competing needs and uses to achieve desired objectives and outcomes.

Self-Interest

The action of working towards one's personal advantage, often considered a driving force behind economic decisions.

Equitable Distribution

A legal principle used in family law to fairly divide property and assets between partners during a divorce.

Functions of Prices

The role prices play in indicating the scarcity of goods and allocating resources in an economy.